Ford Motor (NYSE:F - Get Free Report) shares were down 1.9% during mid-day trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $13.00 to $11.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as low as $9.65 and last traded at $9.71. Approximately 41,542,250 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 63,349,260 shares. The stock had previously closed at $9.90.
A number of other research firms have also issued reports on F. Royal Bank of Canada decreased their target price on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Jefferies Financial Group cut Ford Motor from a "hold" rating to an "underperform" rating and dropped their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They set a "hold" rating and a $10.00 price target on the stock. Barclays cut shares of Ford Motor from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their target price on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus price target of $11.37.
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Institutional Trading of Ford Motor
Hedge funds and other institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ford Motor during the third quarter worth about $186,000. Townsquare Capital LLC increased its holdings in shares of Ford Motor by 8.9% in the 3rd quarter. Townsquare Capital LLC now owns 94,090 shares of the auto manufacturer's stock valued at $994,000 after acquiring an additional 7,650 shares during the last quarter. Freedom Investment Management Inc. lifted its stake in Ford Motor by 8.6% during the third quarter. Freedom Investment Management Inc. now owns 14,447 shares of the auto manufacturer's stock worth $153,000 after purchasing an additional 1,142 shares during the last quarter. Fiduciary Trust Co grew its position in shares of Ford Motor by 74.5% during the 3rd quarter. Fiduciary Trust Co now owns 25,406 shares of the auto manufacturer's stock valued at $268,000 after buying an additional 10,847 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in Ford Motor by 9.5% in the third quarter. Public Sector Pension Investment Board now owns 167,712 shares of the auto manufacturer's stock worth $1,771,000 after buying an additional 14,600 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Price Performance
The stock has a market capitalization of $39.30 billion, a price-to-earnings ratio of 6.79, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The business's 50 day simple moving average is $9.75 and its 200-day simple moving average is $10.28. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.05%. Ford Motor's dividend payout ratio (DPR) is 41.10%.
Ford Motor Company Profile
(
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Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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